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Fairfax County, Va., defeases four series of public improvement bonds
By Ashley Montgomery
Kansas City, Kan. Feb. 3 - Fairfax County, Va., said it defeased portions of its public improvement bonds, series 2003B, 2004A, 2004B and 2007A.
The following series 2003B bonds will be redeemed June 1, 2013:
• $9.76 million of 4% bonds due June 1, 2014;
• $9.75 million of 4% bonds due June 1, 2019;
• $9,745,000 of 4% bonds due June 1, 2020;
• $9,745,000 of 4.125% bonds due June 1, 2021;
• $9,745,000 of 4.75% bonds due June 1, 2022; and
• $9,745,000 of 4.75% bonds due June 1, 2023.
The following series 2004A bonds will be redeemed April 1, 2014:
• $6,825,000 of 4% bonds due April 1, 2019;
• $6,825,000 of 4% bonds due April 1, 2020;
• $6,825,000 of 4.125% bonds due April 1, 2021;
• $6,825,000 of 4.25% bonds due April 1, 2022;
• $6,825,000 of 4.25% bonds due April 1, 2023; and
• $6,825,000 of 4.5% bonds due April 1, 2024.
The following series 2004B bonds will be redeemed Oct. 1, 2014:
• $9.27 million of 4.5% bonds due Oct. 1, 2020;
• $9.27 million of 4% bonds due Oct. 1, 2021;
• $9.27 million of 4.125% bonds due Oct. 1, 2022; and
• $9.27 million of 4.25% bonds due Oct. 1, 2023.
The following series 2007A bonds will be redeemed April 1, 2015:
• $11.73 million of 4% bonds due April 1, 2018;
• $11.73 million of 4.125% bonds due April 1, 2019;
• $11.73 million of 4.25% bonds due April 1, 2020;
• $11.73 million of 4.25% bonds due April 1, 2021;
• $11.73 million of 4.25% bonds due April 1, 2022;
• $11.73 million of 4.375% bonds due April 1, 2023; and
• $11.73 million of 4.375% bonds due April 1, 2024.
Bank of New York Mellon Trust Co., NA is the agent.
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